Operational Risk Review Analyst – Operations

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Operational Risk Review (ORR) Analyst has an exciting opportunity to be a part of the build and implementation of Independent Risk Review and Assessment’s operational risk testing program.

Operational Risk Management oversees the Company’s Operational Risk Framework, including: taxonomies, internal and external loss data, control programs, risk and control self-assessment (RCSA), scenario analysis, root cause analysis, issue management, policy, risk appetite and aggregation, reporting, product change management, corporate security and investigations, third party risk management, sales and services risk oversight, governance, capital oversight, and stress testing across the Company.

The Operational Risk Review (ORR) Analyst (“Analyst”) is responsible for the execution of testing activities within Independent Risk Review Assessment (IRRA), a centralized second line independent testing function. Key roles and responsibilities include working with the business lines and other Risk, Compliance, and Audit professionals across the bank to evaluate processes and controls to ensure effective risk management framework. The Analyst is responsible for test execution within projects and activities that confirm compliance with internal policies applicable federal, state and local laws and regulations, and is responsible for the identification of control and process weaknesses through design assessments and testing activities. If gaps are identified, the Analysts will work with the ORR Manager to partner with the business line and Risk Management groups to recommend and influence solutions that mitigate operational risks. Further, the Analyst is responsible for effective verbal communication of testing results to the ORR Lead Analyst and/or Manager and for responding to and/or escalating significant risks as appropriate.

Basic Qualifications

– Bachelors degree, or equivalent work experience

– Typically more than five years of applicable experience

Preferred Skills/Experience

– Basic or intermediate knowledge of the operational and technology risk, as well as industry trends that impact Bank operations.

– Basic or intermediate Risk, Compliance, and Audit competencies.

– Solid understanding of the business line’s operations, products, services, systems, and associated risks.

– Solid business acumen and credibility to help business line(s) proactively identify and address risks.

– Average process facilitation, project management, and analytical skills.

– Average presentation, interpersonal, written, and verbal communication skills.

– Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations.

– Applicable professional certifications (CPA, CIA, etc.) are preferred.

The role offers a hybrid/flexible schedule, which means theres an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. Thats why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

Healthcare (medical, dental, vision)

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088EEOCKnowYourRights6.12ScreenRdr.pdf) EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $90,100.00 – $106,000.00 – $116,600.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

U.S. Bank accepts applications for this position on an ongoing basis.